People who have the opportunity to invest in property, may need a hard money loan to proceed with the purchase. This type of mortgage is a financing tool these people use to acquire the house or multiple housing units so that they can buy, and then resell it. A hard money loan has many important features.

A Commercial Hard Money Loan isn’t for everyone. But it could be a viable solution for someone that can’t get an everyday traditional Real Estate Loan. Of course with this type of loan Real Estate is always the collateral, with no exceptions. If for some reason the buyer defaults on the payments, the bank can repossess the property in due course of course, no pun intended.